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FTSE 250 movers: Strong trading leads Supergroup to top of the pack

Wed, 16th Dec 2015 15:28

(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon.Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24. Underlying profit before tax was up a sizeable 54.4% to £19.3m. Excluding North America, it increased 73.6%. Basic earnings per share were up to 20p, from 11.9p, on an underlying basis. Its reported basic earnings per share were just 10.2p, however, down from 17.2p last year. In the report, SuperGroup said this reflected the period-on-period remeasurement of financial derivatives, as well as "exceptional items" related to the North America licence buy-out.Bwin.party was also up on the back of Citi upgrading the stock from 'sell' to 'buy'. It follows GVC Holdings' takeover of bwin.party digital entertainment being approved by the companies' shareholders on Tuesday. Bwin.party said 99.99 per cent of shareholders voted in favour of the deal, while 99.91 of GVC's did the same. Both firms said the deal is expected to become effective on February 1st 2016, with admission of GVC's shares to the Official List of the London Stock Exchange.N Brown Group was the biggest faller of the day down nearly 7%. N+1 Singer trimmed its sales forcasts for the full year after an unseasonally warm start to the Autumn/Winter trading period. As a result, it reduced its full year above consensus profit before tax forecast by 3.4% and outer years by 2%. "We still believe that the ongoing channel shift to online is favouring N Brown (and others like boohoo) and that N Brown has traded well on receivables growth and margins," the report said. It comes after women's value retailer Bonmarche warned over its full year profits due to challenging conditions in December that haven't normalised. That also forced department store Debenhams to take a hit and featuring in the top 10 fallers.FTSE 250 - RisersSupergroup (SGP) 1,639.00p 8.11%Drax Group (DRX) 225.10p 6.78%Acacia Mining (ACA) 168.10p 6.46%Bwin.party Digital Entertainment (BPTY) 123.60p 5.91%Petra Diamonds Ltd.(DI) (PDL) 71.50p 5.15%AA (AA.) 300.20p 5.11%Bodycote (BOY) 551.00p 4.95%Aldermore Group (ALD) 214.90p 4.57%Shawbrook Group (SHAW) 344.30p 4.33%Carillion (CLLN) 310.70p 4.12%FTSE 250 - FallersBrown (N.) Group (BWNG) 299.40p -6.76%Nostrum Oil & Gas (NOG) 359.20p -4.97%Tullett Prebon (TLPR) 341.60p -4.53%Dignity (DTY) 2,361.00p -3.48%Indivior (INDV) 184.90p -3.19%Debenhams (DEB) 73.55p -3.16%Kaz Minerals (KAZ) 90.00p -2.96%Vedanta Resources (VED) 281.10p -2.56%Home Retail Group (HOME) 94.65p -2.07%DCC (DCC) 5,545.00p -1.86%
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11 Sep 2015 16:43

DIRECTOR DEALINGS SUMMARY: GVC Chair, CEO Buy Shares After Bwin Deal

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11 Sep 2015 15:13

UPDATE: DIRECTOR DEALINGS: GVC Chairman Buys More Shares

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11 Sep 2015 12:47

CORRECT: DIRECTOR DEALINGS: GVC Chairman And CEO Buy Shares After Bwin Deal

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11 Sep 2015 09:09

DIRECTOR DEALINGS: GVC Chairman And CEO Buy Shares After Bwin Deal

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10 Sep 2015 15:13

Dividends Calendar - Week Ahead

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9 Sep 2015 07:40

Bwin.Party confirms talks with 888 Holdings have ended

(ShareCast News) - Bwin.Party Digital Entertainment said that further to its takeover agreement with GVC Holdings last week, the company has terminated discussions with 888 Holdings. 888 Holdings had confirmed on 4 September that it was no longer in talks with Bwin. Last Friday, GVC revealed that i

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9 Sep 2015 06:33

Bwin.Party Confirms Talks With 888 Holdings Have Ended

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8 Sep 2015 16:06

DIRECTOR DEALINGS SUMMARY: Two Bwin Non-Executives Buy 150,000 Shares

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8 Sep 2015 11:23

DIRECTOR DEALINGS: Bwin.Party Chairman Buys 100,000 Shares

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8 Sep 2015 09:03

DIRECTOR DEALINGS: Bwin.Party Non-Executive Buys 50,000 Shares

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8 Sep 2015 08:18

UPDATE 2-Betfair, Paddy Power reach agreement on 6 bln stg tie-up

* New firm to be called Paddy Power Betfair * Betfair shareholders to get 0.4254 new shares in combined group * Paddy Power s'holders to get special dividend of 80 mln euros * Will be UK online betting market leader * Both firms recommend shareholders to back deal (Updat

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7 Sep 2015 09:54

BUZZ-Bwin: extends Friday's fall, top mid-cap loser

** Online gambling firm down c.9 pct, top loser on FTSE-250 midcap index. ** On Friday, Bwin clinched a 1.1 bln-stg cash and stock deal with GVC, creating a sports betting heavyweight in a sector being reshaped by consolidation. ** GVC's offer of 25 pence in cash and 0.231 new GVC sha

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4 Sep 2015 16:12

2nd UPDATE: Bwin.Party Bets On GVC Offer As 888 Pulls Out (ALLISS)

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4 Sep 2015 15:33

UPDATE 4-GVC trumps 888 to clinch deal for Bwin

* GVC wins Bwin battle with 1.1 billion-pound offer * 888 ends pursuit of Bwin, could become target itself * GVC sees annual cost savings of 125 mln euros (Adds comment in paragraph 12 from U.S. activist shareholder in Bwin) By Neil Maidment and Aastha Agnihotri LONDON,

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4 Sep 2015 11:24

UPDATE: Bwin.Party Bets On GVC Takeover Offer As 888 Pulls Out (ALLISS)

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